Las vegas casinos for sale

Las Vegas Sands Earnings Miss As Vegas Casinos Come In Weak; Revenue Beats

Top casino stock Las Vegas Sands ( LVS ) fell short of earnings forecasts late Wednesday as Vegas casinos underperformed. Estimates: Wall Street sees EPS jumping 10% to 80 cents, according to Zacks Investment Research. Revenue is also seen ticking up 4% to $3.28 billion. Results: EPS of 74 cents on revenue of $3.3 billion. In Macau, property EBITDA jumped 25% to $750 million, above the consensus estimates of $722 million. However, the firm's Las Vegas operations failed to meet expectations. Las Vegas EBITDA was expected to come in at $92 million, but it actually fell 2.5% to $77 million. Las Vegas Sands is aiming for a correct entry of 81.55 after building a 6-week flat base, MarketSmith...

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VICI Properties to Buy Harrah’s Las Vegas Casino from Caesars in $1.14 Billion Sale-Leaseback Deal

The buyer is VICI Properties Inc., a Las Vegas-based REIT spun off last month from Caesars Entertainment Operating Co. Inc., a subsidiary of Caesars Entertainment. As part of the transaction, VICI will lease back the land and real estate to Caesars under a 15-year, triple-net lease agreement with four five-year renewal options. Harrah’s Las Vegas spans 4.1 million square feet and contains 90,600 square feet of casino space and 2,530 hotel rooms. The property features a Mardi Gras and carnival theme, with 16 restaurants and bars, retail shopping, spa services, a parking garage and 24,000 square feet of meeting space. VICI Properties also entered into a definitive agreement with Caesars to...

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Westin Las Vegas GM Lezlie Young adapts to changing guest demands, Hotel Management

One would be hard-pressed to call an 826-guestroom hotel small, but compared to its behemoth neighbors, the Westin Las Vegas is comparatively intimate. That sense of intimacy, hotel GM Lezlie Young says, is what keeps guests coming back to the nongaming, nonsmoking hotel—a rare find in a city known for excess. But what makes a hotel different can be what captures a market, as Young has seen after spending more than 20 years in the business. Early Years While Young was working at a health club to put herself through business classes at the University of Nevada, Las Vegas, a club member approached to suggest that she come work at the soon-to-open Luxor. After meeting some of the hotel’s...

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Las Vegas’ Lucky Dragon Casino Hoping for Bankruptcy Sale

News » Gaming Business » Las Vegas Lucky Dragon Casino Hoping for Bankruptcy Sale, But Main Creditor Has Other Ideas Las Vegas Lucky Dragon Casino Hoping for Bankruptcy Sale, But Main Creditor Has Other Ideas Andrew Fonfa, owner of the Lucky Dragon Hotel & Casino, is hoping to sell the doomed venture via bankruptcy auction. According to the Las Vegas Review-Journal, bid procedures are scheduled to be considered at a court hearing on May 14, but there’s a big dispute about the valuation. Fonfa believes his property is worth $143 million, but his main creditor, Snow Covered Capital, claims its worth less than half that, just $60 million. When LVRJ asked Fonfa the reason for the...

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Host vs sales rep. - Las Vegas Forum - TripAdvisor

I am pretty sure she is a sales rep, not an executive host. I have one that books all my CET reservations anywhere except my local Harrahs where I have an executive host. My rep is based at Planet Hollywood which I think is where most of the Vegas reps are located. Their official title is Sales Executive. They can book any offers in your TR account for you and can usually get at least a small room upgrade, like Octavious or Augustus Tower at Caesars when you can only get Palace Tower online. They can't make up an offer based on your previous play with Freeplay and other perks like an executive host can. Most of the sales executives have a ton of clients and getting a response from them...

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Palms Casino Resort Sold for $312.5 Million

Red Rock Resorts, Inc. (NASDAQ: RRR) today announced that Station Casinos LLC has entered into a definitive agreement to acquire the Palms Casino Resort in Las Vegas, Nevada for total cash consideration of $312.5 million. “With the acquisition of the Palms we gain a leading gaming asset in Las Vegas with key strategic benefits in the Las Vegas locals market and close proximity to the Las Vegas Strip,” said Marc Falcone, Executive Vice President, Chief Financial Officer and Treasurer of Red Rock Resorts. “With its appeal to both Las Vegas residents and tourists alike, the Palms is a hybrid gaming property that is uniquely positioned to benefit from the strong economic...

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Las Vegas: Casinos cost $1.1B to build, sell for $610M

Las Vegas: Casinos cost $1.1B to build, sell for $610M Over a period of two weeks, one of Las Vegas’ biggest casino companies bought three properties in two separate deals. Boyd Gaming first purchased Aliante Casino + Hotel for $380 million, then the Cannery and Eastside Cannery for $230 million. Given that the three casinos were built between 2003 and 2008 at a combined cost of more than $1.1 billion, Boyd got a smokin’ deal. The purchases bring the number of Boyd casinos in southern Nevada to 12. MORE LAS VEGAS: Las Vegas Travel Guide | Strolling the Las Vegas Strip | Las Vegas Happy Hours | Discount Las Vegas | Great Las Vegas views and atmosphere | Best Las Vegas buffets Buffet deal...

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James Packer abandons Las Vegas casino dream -

Australian casino mogul James Packer is hanging his Las Vegas casino dream out in the open with a multi-million price tag. The Australian reported that Packer’s Crown Resorts Ltd. has formally abandoned plans to construct a casino in the world’s most famous gambling strip by putting his Las Vegas land on the market for $400 million. Crown owns 18.4 acres (7.4-hectares) of the planned casino site and is leasing the remaining 16.2 acres from the previous owners. The casino operator has hired brokerage CBRE Group to sell the lot where the Alon casino and hotel project was to be built. The site sits opposite the famous Wynn Las Vegas and Encore at Wynn Las Vegas resorts, just north of the...

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Nevada Gold Casinos Announces Exclusive Sale Discussions NYSE:UWN

Nevada Gold & Casinos Announces Exclusive Sale Discussions LAS VEGAS, May 02, 2018 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced that it is in exclusive discussions to sell the Company. Chairman William Sherlock said, “There can be no assurance that a transaction will be consummated, and the Company does not expect to provide further information or updates pending conclusion of the negotiations.” Forward-Looking Statements This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "...

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If Wynn Resorts Is for Sale, Who Would Buy It? -- The Motley Fool

The future of Wynn Resorts ( NASDAQ:WYNN ) could be in doubt as The New York Post reported MGM Resorts ( NYSE:MGM ) may be interested in buying its rival. Although MGM CEO Jim Murren previously said his resort was unlikely to make a play, the resignation of founder Steve Wynn and the sale of all of his stock in the casino giant now makes a takeover bid more palatable. Although the anonymously sourced insiders said it was some "back channel" feelers that were sent out about a bid, there remains doubt whether a play for the whole company is being considered, or perhaps just parts. There could be some high hurdles involved in MGM trying to swallow all of Wynn Resorts. Seemingly complementary...

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